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Russian oil tankers go missing in the Atlantic Ocean – Bloomberg

Over the past 10 days, at least three Russian tankers have disappeared from ship tracking systems as they approached the Azores.

As sanctions against the export of oil products tighten, Russian oil tankers are increasingly disappearing from ship tracking systems in the Atlantic Ocean, writes Bloomberg. Over the past 10 days, at least three such cases have been recorded when tankers approached the Azores.

“Probably they transshipped their cargoes to other vessels,” Bloomberg states. “There were no such transfers before Russia invaded Ukraine, not to mention the fact that tankers were not hiding from satellite surveillance before. Perhaps some buyers want make your purchases as private as possible. Some Russian shipments are also beginning to disappear from view on their way to Asia.”

Transshipment of oil from ship to ship is a common occurrence in the oil market. Russian cargo has used this practice off the coast of Denmark for many years, and more recently in the Mediterranean and off the Azores.

Transshipment of Russian oil from ship to ship in the waters between Madeira and the Azores in May-June

Transshipment of Russian oil from ship to ship in the waters between Madeira and the Azores in May-June

However, turning off transponders to disappear from radar is an extraordinary event. According to Bloomberg, this tactic was often used to transship sanctioned oil from Iran and Venezuela. In this case, ships move side by side, typically with a smaller tanker transferring the oil to a larger one, which then takes it along a trade route, often to Asia.

Who buys Russian energy carriers

The other day it became known that the government of India turned to the state oil companies with a request to buy huge volumes of cheap oil from Russia. Since the beginning of the full-scale invasion of Russian troops into Ukraine, India has increased its import of Russian oil products by more than 25 times, buying about 1 million barrels daily.

Also Russia has become the largest supplier of oil to China. As a result of May, Russian oil imports amounted to almost 8.42 million tons. This is 55% more than a year earlier. The reason for the increase in supplies was that Moscow is now selling oil at a significant discount due to global anti-Russian sanctions.

Also, the Kremlin is still making good money on the supply of energy resources to the EU. For 100 days of a full-scale war against Ukraine, Russia earned about 57 billion euros from the sale of energy resources to Europe. June report The Finnish Center for Energy and Clean Air Research said that while some states, such as Poland, Finland and the Baltic countries, are reducing purchases of Russian fuel, others, such as France, on the contrary, have increased them.

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